Rand firmer as domestic political risk abates a little
The rand remains bolstered by a US-Mexico immigration agreement, while local data shows a rebound in manufacturing activity in April
11 June 2019 - 15:05
The rand was firmer against major global currencies on Tuesday afternoon, at its best level in a week against the dollar, as market sentiment improved in the wake of an immigration agreement between the US and Mexico.
After being pummeled by poor GDP data and an ANC spat over the Reserve Bank last week, analysts said domestic political risks have also receded a little, and the rand could be in store for further gains...
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